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v3.19.3

Fair Value Measurements - Changes in balances of Level 3 financial assets carried at fair value (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2019 | Sep. 30, 2018 | Mar. 31, 2018 | Sep. 30, 2019 | Sep. 30, 2018
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] |  |  |  |  |
Financial assets, Beginning Balance | $ 3,106 | $ 2,937 | $ 2,290 | $ 3,521 | $ 2,290
Total realized/unrealized gains (losses) included in Net income | (8) | (6) |  | 0 | (5)
Total realized/unrealized gains (losses) included in other comprehensive income (loss) | 23 | (8) |  | 87 | (31)
Purchases and issuances | 399 | 405 |  | 1,172 | 1,268
Sales and settlements | (90) | (89) |  | (488) | (241)
Transfer into Level 3 | 88 | 13 |  | 145 | 100
Transfer out of Level 3 | (2) | (34) |  | (921) | (163)
Financial assets, Ending Balance | 3,516 | 3,218 |  | 3,516 | 3,218
Fixed maturities |  |  |  |  |
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] |  |  |  |  |
Financial assets, Beginning Balance | 2,710 | 2,684 | 2,102 | 3,164 | 2,102
Total realized/unrealized gains (losses) included in Net income | 0 | 0 |  | 10 | (8)
Total realized/unrealized gains (losses) included in other comprehensive income (loss) | 23 | (8) |  | 87 | (31)
Purchases and issuances | 381 | 324 |  | 1,134 | 1,157
Sales and settlements | (88) | (89) |  | (485) | (237)
Transfer into Level 3 | 54 | 13 |  | 89 | 70
Transfer out of Level 3 | (2) | (17) |  | (921) | (146)
Financial assets, Ending Balance | 3,078 | 2,907 |  | 3,078 | 2,907
U.S. government agency |  |  |  |  |
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] |  |  |  |  |
Financial assets, Beginning Balance | 8 | 8 | 8 | 9 | 8
Total realized/unrealized gains (losses) included in Net income | 0 | 0 |  | 0 | 0
Total realized/unrealized gains (losses) included in other comprehensive income (loss) | 0 | 0 |  | 0 | 0
Purchases and issuances | 0 | 0 |  | 0 | 0
Sales and settlements | 0 | 0 |  | (1) | 0
Transfer into Level 3 | 0 | 0 |  | 0 | 0
Transfer out of Level 3 | 0 | 0 |  | 0 | 0
Financial assets, Ending Balance | 8 | 8 |  | 8 | 8
State and municipal |  |  |  |  |
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] |  |  |  |  |
Financial assets, Beginning Balance | 82 | 61 | 148 | 59 | 148
Total realized/unrealized gains (losses) included in Net income | 0 | 0 |  | 0 | 0
Total realized/unrealized gains (losses) included in other comprehensive income (loss) | 2 | 0 |  | 9 | (2)
Purchases and issuances | 0 | 0 |  | 0 | 0
Sales and settlements | 0 | (1) |  | (2) | (2)
Transfer into Level 3 | 18 | 0 |  | 36 | 0
Transfer out of Level 3 | 0 | 0 |  | 0 | (84)
Financial assets, Ending Balance | 102 | 60 |  | 102 | 60
Residential MBS |  |  |  |  |
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] |  |  |  |  |
Financial assets, Beginning Balance | 139 | 147 | 122 | 197 | 122
Total realized/unrealized gains (losses) included in Net income | 1 | (2) |  | 10 | (9)
Total realized/unrealized gains (losses) included in other comprehensive income (loss) | (1) | (2) |  | (6) | (2)
Purchases and issuances | 0 | 0 |  | 0 | 0
Sales and settlements | (4) | (6) |  | (14) | (17)
Transfer into Level 3 | 22 | 13 |  | 24 | 70
Transfer out of Level 3 | (1) | (5) |  | (55) | (19)
Financial assets, Ending Balance | 156 | 145 |  | 156 | 145
Commercial MBS |  |  |  |  |
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] |  |  |  |  |
Financial assets, Beginning Balance | 50 | 56 | 36 | 56 | 36
Total realized/unrealized gains (losses) included in Net income | 1 | 2 |  | 3 | 1
Total realized/unrealized gains (losses) included in other comprehensive income (loss) | 0 | 0 |  | 0 | 0
Purchases and issuances | 0 | (1) |  | 0 | 20
Sales and settlements | 0 | 0 |  | (3) | 0
Transfer into Level 3 | 4 | 0 |  | 4 | 0
Transfer out of Level 3 | 0 | 0 |  | (5) | 0
Financial assets, Ending Balance | 55 | 57 |  | 55 | 57
Collateralized loan obligations |  |  |  |  |
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] |  |  |  |  |
Financial assets, Beginning Balance | 50 | 212 | 180 | 116 | 180
Total realized/unrealized gains (losses) included in Net income | (2) | 0 |  | (5) | (2)
Total realized/unrealized gains (losses) included in other comprehensive income (loss) | 1 | (2) |  | 7 | (3)
Purchases and issuances | 8 | 0 |  | 8 | 35
Sales and settlements | 0 | 0 |  | 0 | 0
Transfer into Level 3 | 0 | 0 |  | 13 | 0
Transfer out of Level 3 | 0 | 0 |  | (82) | 0
Financial assets, Ending Balance | 57 | 210 |  | 57 | 210
Other asset-backed securities |  |  |  |  |
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] |  |  |  |  |
Financial assets, Beginning Balance | 367 | 792 | 564 | 731 | 564
Total realized/unrealized gains (losses) included in Net income | 0 | 0 |  | 0 | 0
Total realized/unrealized gains (losses) included in other comprehensive income (loss) | 1 | (1) |  | 6 | (3)
Purchases and issuances | 49 | 13 |  | 141 | 318
Sales and settlements | (3) | (23) |  | (135) | (80)
Transfer into Level 3 | 0 | 0 |  | 0 | 0
Transfer out of Level 3 | 0 | 0 |  | (329) | (18)
Financial assets, Ending Balance | 414 | 781 |  | 414 | 781
Corporate and other |  |  |  |  |
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] |  |  |  |  |
Financial assets, Beginning Balance | 2,014 | 1,408 | 1,044 | 1,996 | 1,044
Total realized/unrealized gains (losses) included in Net income | 0 | 0 |  | 2 | 2
Total realized/unrealized gains (losses) included in other comprehensive income (loss) | 20 | (3) |  | 71 | (21)
Purchases and issuances | 324 | 312 |  | 985 | 784
Sales and settlements | (81) | (59) |  | (330) | (138)
Transfer into Level 3 | 10 | 0 |  | 12 | 0
Transfer out of Level 3 | (1) | (12) |  | (450) | (25)
Financial assets, Ending Balance | 2,286 | 1,646 |  | 2,286 | 1,646
Equity securities |  |  |  |  |
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] |  |  |  |  |
Financial assets, Beginning Balance | 377 | 230 | 165 | 336 | 165
Total realized/unrealized gains (losses) included in Net income | (7) | (5) |  | (7) | 9
Total realized/unrealized gains (losses) included in other comprehensive income (loss) | 0 | 0 |  | 0 | 0
Purchases and issuances | 18 | 81 |  | 38 | 106
Sales and settlements | (2) | 0 |  | (3) | (4)
Transfer into Level 3 | 34 | 0 | 29 | 56 | 30
Transfer out of Level 3 | 0 | (17) |  | 0 | (17)
Financial assets, Ending Balance | 420 | 289 |  | 420 | 289
Assets of MIE |  |  |  |  |
Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] |  |  |  |  |
Financial assets, Beginning Balance | 19 | 23 | $ 23 | 21 | 23
Total realized/unrealized gains (losses) included in Net income | (1) | (1) |  | (3) | (6)
Total realized/unrealized gains (losses) included in other comprehensive income (loss) | 0 | 0 |  | 0 | 0
Purchases and issuances | 0 | 0 |  | 0 | 5
Sales and settlements | 0 | 0 |  | 0 | 0
Transfer into Level 3 | 0 | 0 |  | 0 | 0
Transfer out of Level 3 | 0 | 0 |  | 0 | 0
Financial assets, Ending Balance | $ 18 | $ 22 |  | $ 18 | $ 22

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- Definition Amount of gain (loss) recognized in income from asset measured at fair value on recurring basis using unobservable input (level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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